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Masterbatch Market Size is expected to reach USD 16.31 Billion in 2028 and register a revenue CAGR of 4.8% By (2021-2028) | Latest Analysis By Emergen Research

The global masterbatch market size is expected to reach USD 16.31 Billion in 2028 and register a revenue CAGR of 4.8% over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for masterbatch in production of wires for use across various end-use industries, rising focus on improving fuel-efficiency of vehicles, and increasing demand for packaging materials. Increasing concerns and initiatives to reduce air pollution and environmental impacts due to automotive emissions is driving a steady shift towards Electric Vehicles (EVs). This trend is also leading to incorporation of more lightweight and high-performance components in vehicles, especially in automotive wires, which in turn would require novel formulations and materials such as masterbatch. Color coding of wires is essential as it helps in diagnosing electrical problems in a circuit. Color masterbatches are widely used for rapid color dilution, prevent insulation surface irregularities, and manage color intensity in vital manufacturing processes with constantly increasing speed of production and reducing extruder length and thickness of insulation.

The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.

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Some Key Highlights from the Report

  • In December 2019, PolyOne Corporation made an announcement about signing an agreement for acquisition of color and additive masterbatch business of Clariant.
  • Among the product type segments, additive segment accounted for significantly large revenue share in 2020. Additive masterbatch prevents degradation due to heat and offers protection from oxidation and UV rays. Also, it provides excellent resistance to fire and electricity.
  • Among the industry vertical segments, building & construction segment accounted for second-largest revenue share in 2020. Black masterbatches are commonly used inn deck railings, tubing, pipes, and fencing. Masterbatches prevents corrosion caused to building end-products due to chemicals and also improves wear and tear resistance.

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The reports cover key developments in the Masterbatch Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships and collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Masterbatch Market are anticipated to lucrative growth opportunities in the future with the rising demand for Masterbatch in the global market. The market is expected to grow at a significant CAGR during the forecast period.

Leading Companies of the Masterbatch Industry and Profiled in the Report are:

LyondellBasell Industrial NV, Plastika Kritis SA, Avient Corporation, Tosaf Group, Ampacet Corporation, Cabot Corporation, Americhem Inc., Hubron International, PENN Color Inc., and Vanetti SPA.

Emergen Research has segmented the global masterbatch market on the basis of product type, polymer, industry vertical, and region:

Product Type Outlook (Revenue, USD Billion; 2018–2028)

  • White
  • Black
  • Color
  • Additive
  • Filler

Polymer Outlook (Revenue, USD Billion; 2018–2028)

  • Polypropylene
  • High-density Polyethylene
  • Low Density Polyethylene
  • Polyvinyl Chloride
  • Polyethylene Terephthalate
  • Polystyrene
  • Polyurethane
  • Others

Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)

  • Building & Construction
  • Packaging
  • Automotive
  • Textile
  • Consumer Goods
  • Agriculture
  • Others

Regional Analysis:

The report sheds light on the region expected to dominate the Masterbatch market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Masterbatch market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

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Thank you for reading our report. Customization of this report is available in chapter-wise or region-wise sections. Kindly get in touch with us to know more about the report, and our team will provide excellent assistance.

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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The post Masterbatch Market Size is expected to reach USD 16.31 Billion in 2028 and register a revenue CAGR of 4.8% By (2021-2028) | Latest Analysis By Emergen Research appeared first on Market O Graphics.

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